Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,353 shares of the financial services provider’s stock after purchasing an additional 7,386 shares during the period. Sanctuary Advisors LLC’s holdings in Four Corners Property Trust were worth $978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in Four Corners Property Trust by 30.6% in the third quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock valued at $408,310,000 after acquiring an additional 3,268,064 shares during the last quarter. Heitman Real Estate Securities LLC purchased a new stake in Four Corners Property Trust in the third quarter valued at $24,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Four Corners Property Trust by 539.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider’s stock valued at $20,145,000 after acquiring an additional 579,849 shares during the last quarter. Bank of Montreal Can lifted its position in Four Corners Property Trust by 1,867.7% in the third quarter. Bank of Montreal Can now owns 228,987 shares of the financial services provider’s stock valued at $6,771,000 after acquiring an additional 217,350 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Four Corners Property Trust by 212.5% in the third quarter. Jane Street Group LLC now owns 255,275 shares of the financial services provider’s stock valued at $7,482,000 after acquiring an additional 173,598 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. UBS Group initiated coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 target price for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Four Corners Property Trust Price Performance

Shares of NYSE:FCPT opened at $28.39 on Thursday. The company has a 50-day simple moving average of $27.55 and a 200-day simple moving average of $28.29. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 26.53 and a beta of 1.14.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. On average, analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.